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Search Results 0 to 15 of about 16 (some duplicates have been removed)
, but it may not be an immediate effect on the economy. yes, there are cuts that go into effect on the pentagon, it's about a 7% or 8% cut on everything. everybody will look at this and say, this is probably the worst way to cut the pentagon budget as one pentagon official said to me at one point, what did we do? call up northrup grumman and say we don't want the last 7% of that airplane, keep the tail? >> it's more of a slope than a cliff. >> the cliff is a little bit of a misnomer, but it could be a cliff in the sense that markets can react very badly. we have really lucked out in the sense that despite our apparent inability to govern ourselves and come to the compromises that everybody wants that we haven't been punished too much by the market so far. but one much the things that's interesting. you have the extremes in both parties willing to go over the cliff at the same time you ask matt dowd, senator durbin and graham if they were an anomaly. i don't think they are in the sense that i think they're a growing cadre especially in the senate of members from both parties who understand eleme
the sources of american power our, that you say the pentagon or the size of the federal debt. like, if you're the biggest debtor into a big issue certain power. are you optimistic that these can be really reversed, like 30 seconds because i'm very optimistic about america's future. i think we have to approach that future with confidence. we have to get our house right at home, but we have to be prepared to engage with confidence abroad. we still are that shining light on the hill that people look to. they are disappointed when we don't deliver. we are disappointed when we don't deliver. i think we can, both at home and abroad, find a way to move forward. it's not going to be simple. our government takes longer to get things done than the real economy would like. we've got to intercept the real and the political economy, but at the end of day am optimistic that we can make progress. >> thank you. ladies and gentlemen, thank you so much. [applause] spent i'm like doctor doom. i come on stage when it's time to go. the eternal foot man holding your code. >> tonight in primetime, we get a close
the sequestered . but did so by impacted the pentagon less heavily than the sequestered it. but divided government, i think you get the question. president said he does not want to change the money for the pentagon. mitch mcconnell said we are not raising taxes to ransom the pentagon budget cuts. a lot of focus has been on the pentagon but these are more concerned about the $50 billion in domestic discretionary spending restraint every year. you did to the republican study committee. the announced all a thing worse than sequestration would not be having savings. this stampede attempted did not take. he denied a demand that the defense budget be remain untouched, either of the public opinion or the house. i think sequestration happens. the only thing i could imagine is if they -- the r's and d's would both rather take it out of entitlements rather than the annual budgets. could they cut a deal where they save the same amount of money but out of entitlements? that is the only compromise i could see. then you get to the grand bargain idea. it seems every time i have these conversations were people as
, the even say the pentagon or the size of the federal debt, like if you're the biggest debtor in the world take issued certain power. are you optimistic that these can be really reversed, like 30 seconds? >> i'm very optimistic about america's future. i think we have to approach the future with confidence. we have to get our house right at home but we have to be prepared to engage with confidence abroad. we still are that shining a light on the hill that people look to. they are disappointed when we don't deliver. we are disappointed when we'd don't deliver. i think we can both at home and abroad find a way. it's not going to be simple. our government takes longer to get things done and the real economy would like. we've got to intersect but at the end of the day i'm optimistic that we can move forward. >> thank you. thank you so much. [applause] >> i'm like doctor doom, i come on stage. the eternal foot man. >> if you missed any of the previous program you can see it in its entirety at the c-span video library. go to c-span.org. we are live at the newseum here in washington for remarks fr
close to. that the pentagon's got to make a contribution and if there is anything on healthcare, it's gotta be about reforming it, bringing the costs down, not cutting benefits. >> eliot: let's drill down a couple of pieces of this. what do you think the underlying ratio should be between cost cutting and revenue generation. last summer it was 10 to 1 in terms of cutting costs to revenue. thankfully the deal didn't get done. should it be one-to-one? where would you like to see this happen? >> you know, i actually don't know that number because i think the question is i think we need about a trillion and a half from revenues and the revenues have to come, as i mentioned the way president obama was campaigning. and then the pentagon's gotta make a contribution and we've already cut a trillion and a half dollars on domestic discretionary. we'll have to cut more to get a deal. but with the ratio is, i haven't been that close to what the numbers are. >> eliot: one of the issues lurking out there is the debt ceiling and
a four year plan like the pentagon, well, i don't know that's the best model to work on. gerri: all right. well, i have to ask you about bp today. >> sure. gerri: big news from bp, federal government saying you are disqualified from winning new contracts. here's bp's statement, the suspension is due to bp's lack of business integ try as demonstrated by the conduct with regard to the deepwater horizon blowout explosion, oil spill, and response. now, the stuff did not get hit today. what's your estimate of what it means? >> a temporary move. the obama administration, again, wanting to show -- hold up bp that we're puppishing them. it's a big company, one of the biggest producers in the u.s.. gerri: matter if it loses contracts in the u.s.? >> they are a lot already. they don't go away, this is just on new contracts. it's a temporary deal. gerri: come back to the set again. >> always happy to be here. gerri: coming up, live to the l.a. auto show and hottest trends in all things cars, and president obama heeds the call to listen to small business owners. no kidding. will the latest meeting ch
the pentagon's ban on women in combat. they charged the ban violates the u.s. constitution and blocks women from key promotions. they also said that, in fact, women are already serving unofficially in combat units. this is the second such lawsuit filed this year against the military. greece dodged another financial bullet today, with a new infusion of bailout cash. european leaders and the international monetary fund agreed to release $57 billion in loans after 3 weeks of negotiations. the money will help greece stave off bankruptcy, recapitalize its banking industry, and pay back suppliers. the man who built the major league baseball players union into a force has died. marvin miller passed away this morning at his home in new york, after suffering liver cancer. miller led the players association for 16 years, including its first strikes and the legal battles that led to free agency for players. marvin miller was 95 years old. those are some of the day's major stories. now, back to ray. >> suarez: and we turn to mexico. at the white house today, president obama greeted the man who will soo
with the pentagon, providing energy to the u.s. military. >>> defense secretary leon panetta broke ground at a new educational center at the vietnam veterans memorial in washington. the center will it tells the stories of the 58,000 soldiers who died in the vietnam war. the center will honor fallen soldiers from the wars in iraq and afghanistan. >>> prince william and catherine middleton greeted by hundreds of fans as they arrived in cambridge. their first visit since being given their titles of duke and duchess of cambridge. they plan to tour the city and meet with cambridge university students during their visit. >>> senate majority leader harry reid says raising the debt limit has to be part of any package. john tester a members of the banking committee. newly re-elected. >> thanks, andrea. >> thanks very much for being with us. you're from one of the reddest of red states, you squeaked through. congratulations on that victory. what does it now bring you right into the middle of these negotiations and a tough vote. what are the people back home telling you? >> the people back home have been tel
that the money from business stays as it is. one of the foundations of our short term borrow pentagon. >> maybe it was a problem she thinks needs to be fixed but a lot of people in the industry think it doesn't need to be fixed, specifically the idea of pricing that could go day to day and off the dollar. priced at the market. >> exactly. they're talk about a floating map that doesn't work. if you move $2.7 trillion in assets to the bank's balance sheet, it could be an opaque marker. therefore maybe there's some type of reform necessary but not as far as she wanted. we're very interested to see what miss walter will do in the interim until theed a miss appoints a new -- >> why is that floating nab such a big thing? why do i care if it's 99.96 cents or it's 100.06 cents? >> great question. loss of principal. you put in $1 million overnight and you get that .996 overnight, you don't have a million dollars. investors won't utilize that investing tool anymore. it has to be preservation of capital and liquidity. that's what money funds are all about. >> they'd rather earn less at a bank than -- >> y
. just say, look, this is not part of the conversation. we're talking a about the wars, the pentagon, talking about taxes, let's stick to that. look, you want to raise taxes and lower defense spending, we'll do that. if not, then p we go off this supposed cliff and then democrats are negotiating from an even stronger hand. >> i want to bring in senator jeanne shaheen. i'm wondering what you think about what he had to say, raise taxes or lower spending or going off the fiscal cliff. where are you? and how do you feel about tinkering with medicare and medicaid? >> look, i think we've got to put aside all of the sacred cows and really got to be willing, as dick durbin said, sit down and negotiate and come up with a plan, a long-term plan that's balanced, that looks at the domestic side of the budget, the defense side, the mandatory programs, and the revenue side. and if we're willing to do that, then i think we can get an agreement. but i think to go to the tax issue that you were talking about earlier, there are really two issues there. one is the amount of revenue that needs to be rai
the sequester, that's good, less spending. i'm in favor of looking at the pentagon spending and reforming how you get it and get the same amount of dollars. look at the government spending. >> not a common republican position. >> more common than you think, but it's not common in the appropriations committee that does armed services. i talked to one of the key guys over there and said how can i help you reform the pentagon? there must have been -- >> i bet congressmen love getting that call, grover norquist, how can i help? >> i start meetings that way. want to make the government more efficient, make it cost less and we are everybody's friend on that subject. ralph nader and i were lobbying the bush administration back in 2001. >> what about the second cliff, the bush tax cuts? >> i think -- you get towards the end in a thing and if the republicans have played it right, they said look, push it out a month or two weeks so you should never actually go over these things, just as you do with continuing resolutions. say, look, give it a week, two months. >> the president is not going to extend. h
. there are two things he said and i respect him very much. he said number one the pentagon. the fraud, the excess, the waste. that has got to come down. he said what else? what else are we going to cut? he said the healthcare. we have to improve healthcare and the whole issue is if you get the universal healthcare, then you've avoided this medicaid medicare, you know, whatever and it is more efficient because you're not sending money -- spending money for profit. you're doing it for the v.a. and for everybody. >> bill: i forget, doris igor, jump in here, too i forget the exact number but the congressional budget office proved that -- you're right. single payer would be even more efficient but we're not going to go there because we didn't. but obama care would save hundreds of millions -- hundreds of billions of dollars in delivery of healthcare costs by making it more efficient and bringing more people into the system and therefore have more capacity to deliver. >> you lower the rate of growth which is the key to lowerin
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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